📈 Short-Term Trading Strategy for GALA (15–30 Minute Chart)

🔹 Market Overview

Current Price: ~$0.01729 USD

24H Performance: +5.03%

Volume: ~$47.6M

Trend: Bullish momentum with potential breakout​

✅ Entry Strategy

Breakout Entry: Consider entering a long position if GALA breaks and sustains above the $0.01739 resistance level with strong volume confirmation.

Pullback Entry: If GALA retraces to the support level around $0.0165 and shows signs of a bullish reversal, it may present a buying opportunity.​

🎯 Take-Profit Targets

TP1: $0.0180

TP2: $0.0190

TP3: $0.0200​

🛑 Stop-Loss

SL for Breakout Entry: Below $0.0168 to manage downside risk.

SL for Pullback Entry: Below $0.0160 to limit potential losses.​

📊 Indicators to Monitor

RSI: Currently around 60, indicating bullish momentum but nearing overbought territory.

MACD: Bullish crossover observed, suggesting upward momentum.

Volume: Rising volume supports the strength of the current trend.​

⚠️ Risk Management Tips

Position Sizing: Risk no more than 1–2% of your trading capital on a single trade.

Risk-Reward Ratio: Aim for a minimum of 2:1 to ensure potential profits outweigh losses.

Market Conditions: Stay updated on news and events that might impact GALA's price.